Citi Handlowy - Insurance - Life Insurance Policies - Credit Shield

Benefits

  • Success High insurance sums payable;
  • Success Insurance premiums taken automatically from your credit card account.

 

  • Success Cover against death works all over the world.
  • Success No additional medical tests required

If you are interested in insuring your Credit Card, just log in to Citibank Online and go to the "Manage card" tab where you can enter into an Insurance Agreement within a few minutes. You can also contact us by phone to insure your Credit Card.

CreditShield Standard

Insurance is voluntary and has no impact on the credit decision.

Insurance coverage monthly fee depends on the amount of the used credit card limit - it is 0.36% of your Citibank Credit Card debt balance as of the statement date.

CreditShield Standard provides coverage against the following incidents:

  • Success Death of the Insured;
  • Success Temporary Inability to Work of the Insured for individuals who are professionally active when such insurance event occurs, for others - hospitalization as a result of Illness or Accident;
  • Success Critical illness cover (heart attack, malignant tumor, stroke);

CreditShield Premium

Insurance is voluntary and has no impact on the credit decision.

Insurance monthly fee depends on the amount of your credit card balance used – it is 0.79% of your debt balance as of the day of your credit card statement.

CreditShield Premium provides coverage against the following incidents:

  • Success Death of the Insured;
  • Success Temporary Inability to Work of the Insured for individuals who are professionally active when such insurance event occurs, for others - hospitalization as a result of Illness or Accident;
  • Success Critical illness cover (heart attack, malignant tumor, stroke);
  • Success Loss of job and cover against fractures for individuals who directly before the incident worked for less than 12 months with the same employer or were employed for less than 24 months.

Insurance provides coverage for as long as you are the Citibank Credit Card client, with the insurance agreement being concluded for the period of 12 months and then being automatically renewed on the same terms until the end of the insurance agreement.


CreditShield Standard Insurance

Scope of Insurance Insurance Payments
Temporary Disability or Hospitalization (for professionally inactive clients) Insurance Payment amounts to 10% of the outstanding balance (according to the last credit card statement generated before the incident) for each 30 days of documented Temporary Disability (or Hospitalization) for a maximum of 360 days.
Serious Medical Condition (heart attack, malignant tumor, stroke) Insurance Payment amounts to the total of the outstanding balance as of the day of the incident (or the outstanding balance according to the last credit card statement generated before the incident in the event of Serious Medical Condition) and double the average outstanding balance calculated based on the three consecutive credit card statements generated directly before the incident.
Death of the Insured

CreditShield Premium Insurance

Scope of Insurance Insurance Payments
Loss of job / Fractures (for professionally inactive clients) Insurance Payment amounts to 10% of the outstanding balance (according to the last credit card statement generated before the incident) for each 30 days of being unemployed, or up to 350% of the outstanding balance as of the day of the incident in the event of fracture.
Temporary Disability or Hospitalization (for professionally inactive clients) Insurance payment amounts to 30% of the outstanding balance (according to the last credit card statement generated before the incident) for each 30 days of documented Temporary Disability (or Hospitalization) for a maximum of 360 days.
Serious Medical Condition (heart attack, malignant tumor, stroke) Insurance Payment amounts to the total of the outstanding balance as of the day of the incident (or the outstanding balance according to the last credit card statement generated before the incident in the event of Serious Medical Condition) and three times the average outstanding balance calculated based on the three consecutive credit card statements generated directly before the incident.
Death of the Insured

Important informations

CreditShield Standard coverage is provided by MetLife Towarzystwo Ubezpieczeń na Życie i Reasekuracji S.A. with registered office in Warsaw, 26 Przemysłowa Street, 00-450 Warsaw while CreditShield Premium coverage by MetLife Towarzystwo Ubezpieczeń na Życie i Reasekuracji S.A. with registered seat in Warsaw and MetLife Europe Insurance Limited with registered seat in Dublin, Ireland.

For the General Terms and Conditions of the CreditShield Standard and CreditShield Premium Insurance, including the full list of the exclusions of the Insurer’s liability, please read the General Terms and Conditions of CreditShield Standard / CreditShield Premium Insurance, as well as the CreditShield Standard / CreditShield Premium Product Card. The Insurer may refuse to pay out the insurance benefit in the events referred to in the General Terms and Conditions of the CreditShield Standard / CreditShield Premium Insurance, e.g. in the event of committing a suicide by the Insured within 12 months following the commencement of the coverage period. The documents are available in the Important Documents section below and at Citi Handlowy branches.

Client may withdraw from the insurance agreement within 30 calendar days following the day on which the first insurance fee is charged, as well as terminate the insurance agreement at any time of the insurance period. The Insurer may refuse to pay out the insurance benefit in the events referred to in the General Terms and Conditions of the CreditShield Standard / CreditShield Premium Insurance, e.g. in the event of committing a suicide by the Insured within 12 months following the commencement of the coverage period.

The Insurance Agreement is made by the Client with the Insurer through the Bank. The latter acts as an insurance agent of MetLife Towarzystwo Ubezpieczeń na Życie i Reasekuracji S.A. entered into the register of entrepreneurs of the National Court Register under KRS No. 00000028131 and MetLife Europe Insurance Limited entered into the register of insurance agents maintained by the Polish Financial Supervision Authority, under the following number: 11120807/A. Client may also check the Bank’s entry into this register by submitting a proper form with the Polish Financial Supervision Authority in writing or via phone.

In the protective insurance sales and handling processes, Bank applied the rules set out in the “Recommended best practices in the Polish bancassurance market for unit-linked protective insurance products” issued by the Polish Bank Association.

Important Documents

Our websites use cookies to improve your user experience. In order to refuse to have them installed, please go to the browser settings. To learn more, click here.